The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-25
CONDITION OF THE MARKETS,
Wheat Touches the Lowest Figures Yet
Quoted for Present Crop Options.
Corn Quiet and Easier, with NoNew Features
Oats Heavy and Tower-Proyisions Active,
Pork Still Showing Great Strength.
MONEY, BONDS AND STOCKS.

Increased Activity In the Market, strong
Feeling Prevailing Throughout.
NEW YORK, Feb. 24-Money on call was
easy at 04a per cent. closing at 81 "a per cent.
Prime mercantile paper sac per cent
Sterling exchange was weaker at "a. 85a for
sixty-day bills. and 81 ss. for demand.
The total sales of stocks to-day were 800, 532
Ahares, including the following: Canada South
ern, $3.50; Delaware, Lackawanna g. Western,
$1,000; Erie, 1892; Kansas & Texas, s 232;
Lake Shore, 2242o; Missouri Pacific, 3,l75;
Northwestern. 16, 075; New Jersey Central II ITO;
New York Central, 3,S25; Northern Pacific, 4, GAO;
Ohio g. Mississippi, 7.185; Reading, so, l29 st.
Paul. 1885, Union Pacific, ALPS; Western
Union, 26, $780,
The news of the day was almost entirely OF
character to induce buying of stocks, and the
purchasing was of better appearance than has
been seen for many days. The result Of the
German elections was seen in the buying for
London andl German account, and to this was
added reduction in the Sterling Exchange
rates, which precudes the expectation of gold
for the immediate future, and SO removes an
element of disturbance. Rrmors that certain
influential interests and heavy operators
were buying were circulated with more
less effect. Several stocks were affected by
special causes, Texas Pacific being strong on the
settlement between the opposing interests in
tho reorganization, Union Pacific on the grow
ing belief that the investigation bill will be
killed, Western Union on the decision against
the Commercial Telegraph Company, and Rich
rnond & Wet Point on the revival Of the asser-
tion that the Georgia Central would be soon alb
sorbed The trunk lines were favoraby affected
by the statement Of the Pennsylvania, which
had generally good influence upon the market
A sudden drop was made by Jersey Central I'M
. der heavy selling by the room traders, and o
reaction in the general market was effected at
the same time. The opening was barely steady,
first prices showing insignificant changes only
from last evenings final figures Business was
moderately active, and remained throughout
the day. The market was strong from the
opening, Union Pacific being the special feature
of the early dealings A fractional reaction &C.
Cured before noon, but by that time it was
again strong, Texas Pacific becoming prominent
Another reaction occurred after l p NJ, when
Union Pacific gave way, but in the Last hour the
Auvancv v-S--1r. s..srw r..-.. s..--a,ne the
break ia JersAD Central. The latter, however.
covered handsomely before the close which
was active and strong at or near the best prices
of the day. Sales, 800, 532 shares.
Railroad bonds were dull and firm to strong,
final quotations almost invariably showing frac-
tional advances. The special features Of the
day, however, were the Texas Pacific issues,
which, particularly, were active and strong
under the settlement Of the differences with the
, income bondholders, and the income trust
receipts closed A higher at 65A, after sales at
sc, with total business of 1874, 900. The Rio
trust receipts were 81 per cent. higher, at 74s,
after sales at IS, business of $617 900, and
the New Orleans Pacific trust receipts q higher,
at S3s, on business Of 1881, 900 in a total bust
ness Of So, 055, 600.
Government bonds and State bonds We're dull
and ateaGy Closing auotations were: